On December 29, 1942, citizens of Grand Bank gathered in Frazer Hall to consider a memorial to those who paid the supreme sacrifice in the First World War and those who were destined to do so before the end of the Second World War. After several meetings the group went public with the proposal that a library would be a fitting tribute. By February 1943, the committee had a location, two rooms in the Western Marine Insurance Building on Water Street. The temporary library opened on May 5, 1943.
The library remained in a temporary site until 1950 when a new building opened on January 25, 1950. Grand Bank Memorial Library was officially opened on November 11 commemorating the end of the First World War. G & A Buffett donated the land next to the War Memorial for the library.
In time, a bronze plaque honoring the 14 airmen, soldiers, and seamen who died in World Wars was placed in the main floor of the library.